Economy

Saudi regulator approves Aramco's request to list

Saudi regulator approves Aramco's request to list

A deal over $25 billion would top the record-breaking one of Chinese e-commerce giant Alibaba in 2014. May 3, 2017 London tries to lure Saudi Aramco with new listing structure, sources familiar ...

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Congress claims Priyanka Gandhi phone among hacked, WhatsApp texted her

Congress claims Priyanka Gandhi phone among hacked, WhatsApp texted her

The Congress's opposition unity move on economic slowdown comes on the day Prime Minister Narendra Modi arrived in Thailand to participate in the Regional Comprehensive Economic Partnership (RCEP)...

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Maps of newly formed UTs of JK, Ladakh

Maps of newly formed UTs of JK, Ladakh

Dr. Happymon Jacob speaks to Max Rodenbeck (South Asia Bureau Chief of The Economist ) about the worldwide reaction to the situation in Jammu and Kashmir after its special status under Article 370 wa...

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Nestlé Recalls Cookie Dough

Nestlé Recalls Cookie Dough

The recall is only for the cookie dough that is refrigerated and is only for batch codes that start with the numbers 9189 all the way through batch codes that begin with 9295. "We sincerely apologize ...

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Aldi frozen berries recalled due to possible hepatitis A contamination

Aldi frozen berries recalled due to possible hepatitis A contamination

According to Consumer Reports , the berries were sold in Alabama, California, Georgia, Iowa, Illinois, Indiana, North Carolina, New York, Nevada, Ohio, Pennsylvania, South Carolina and West Virginia...

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The Popeyes Chicken Sandwich is Back

The Popeyes Chicken Sandwich is Back

Popeyes' chicken sandwiches are making a permeant return to the chain's menu. People were so excited that they flocked to Popeyes restaurants for a chance to get the sandwich. the sandwich is back...

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Mayflower Wind wins Massachusetts’ second offshore wind contract

Mayflower Wind wins Massachusetts’ second offshore wind contract

King . Water resources are available in abundance on the earth and harnessing their powers for energy generations could relive the pressures on the non-renewable sources of energy. But multiple repor...

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New electric car battery 'charges in 10 minutes'

New electric car battery 'charges in 10 minutes'

Engineers at Penn State University just may have the second goal in closer reach than ever before, with the development of battery technology that allows for an 80 per cent charge in as little as 10...

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Fed rate cut announced Wednesday, a nod to slowing economic growth

Fed rate cut announced Wednesday, a nod to slowing economic growth

Two members of the Fed's policy-making committee voted against the quarter-point cut in rates to between 1.5% and 1.75%. U.S. Treasury yields extended declines in Asia after the rate cut , but fu...

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S&P 500, Nasdaq set records on jobs data, trade headway

S&P 500, Nasdaq set records on jobs data, trade headway

The ISM Manufacturing Index for October posted its third straight monthly contraction, but stocks only accelerated their move higher, as investors chose to view the data as better than feared. Stocks ...

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U.S. businesses added slight 125000 jobs in October

U.S. businesses added slight 125000 jobs in October

The goods-producing sector, however, lost 13,000 jobs, including 4,000 each in the construction, manufacturing and natural resources/mining industries. The ADP's figures don't include government hir...

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China Wins WTO Case to Sanction $3.6 Billion in U.S

China Wins WTO Case to Sanction $3.6 Billion in U.S

The decision stems from the U.S. failure to remove anti-dumping duties, but the monetary value is roughly half the total amount that China had sought. While these tariffs are allowed by the WTO under ...

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Xi Trade Deal Hits Another Hurdle After Chile Cancels APEC

Xi Trade Deal Hits Another Hurdle After Chile Cancels APEC

US officials have said the two sides were close to an agreement in May, but talks faltered when China backtracked on commitments to change its laws to resolve core USA complaints about theft of intell...

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United States manufacturing bounces back by less than expected in October, ISM says

United States manufacturing bounces back by less than expected in October, ISM says

US manufacturing output dropped for the third straight month in October as trade tensions and a slowing global economy took a toll on American factories. "Global trade remains the most significant cro...

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The US added 128,000 jobs in October, topping dour forecasts

The US added 128,000 jobs in October, topping dour forecasts

Friday's report from the Labor Department suggests job growth remains resilient, despite the ongoing trade war and temporary setbacks such as the United Auto Workers strike at General Motors , ...

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Oil prices dip as U.S. crude stocks and demand outlook weigh

Oil prices dip as U.S. crude stocks and demand outlook weigh

Worries about global economic growth and oil demand eased after U.S. Commerce Secretary Wilbur Ross said on Friday the initial "phase one" trade pact with China is likely to be signed around mid-N...

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Apples sold in NC being recalled over possible Listeria contamination

Apples sold in NC being recalled over possible Listeria contamination

The recall also involves apples sold unbranded in clear plastic tote bags, white paper tote bags and individually from retailers' display trays. The affected apples were shipped between October 16th a...

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Cognizant to let go 13000 employees, Exit Some Businesses

Cognizant to let go 13000 employees, Exit Some Businesses

The exit from some parts of the content moderation business will hurt financial performance in the coming year, Cognizant said. During the third quarter earnings announcement, CEO Brian Humphries ...

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India Export Subsidies Illegal, Rules World Trade Organisation Panel, Upholds US Case

India Export Subsidies Illegal, Rules World Trade Organisation Panel, Upholds US Case

Under Article 3.1 of the WTO's SCM Agreement, developing countries with gross per capita of $1,000 per annum are not entitled to provide export subsidies that are contingent upon export performance. D...

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Ford reaches tentative agreement with United Auto Workers

Ford reaches tentative agreement with United Auto Workers

For his part, Bill Dirksen Ford vice president of labor affairs, said, "Ford can confirm the UAW's announcement that the UAW and Ford have reached a proposed tentative agreement on a four-year contrac...

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S&P 500 sets new all-time high with Microsoft, AT&T on top

S&P 500 sets new all-time high with Microsoft, AT&T on top

It closed up 0.6% at 3,039 points. "We are going to maybe trade up a little bit higher in the short term and (pull back) after the earnings season and the rate cut", said Robert Pavlik, senior portf...

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UK's Conservatives hold 8-point lead over Labour in Daily Mail poll

UK's Conservatives hold 8-point lead over Labour in Daily Mail poll

He added: "People are obviously concerned about who's going to be Prime Minister". The mop-topped blond is an Oxford University and elite Eton boys school graduate whose career as a high-flying jour...

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Turnaround: GE shares rise as it lifts some 2019 targets

Turnaround: GE shares rise as it lifts some 2019 targets

Culp said on a conference call Wednesday. Valeo Financial Advisors LLC lifted its holdings in shares of General Electric (NYSE:GE) by 5.1% in the third quarter, according to its most recent disclo...

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Tesla filing shows US sales tumbled 39% in third quarter

Tesla filing shows US sales tumbled 39% in third quarter

While sales in China - the world's largest auto market - rose to US$699 million from US$409 million, a category known as "other" - which includes several countries - grew to US$1.8 billion from US$784...

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United States economic growth slowest this year

United States economic growth slowest this year

There was a feeble growth in exports after a sharp contraction the previous quarter. Consumption, which accounts for more than two-thirds of economic activity, has through the second quarter remaine...

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UK Parliament paves way for December general election

UK Parliament paves way for December general election

General Elections, votes to choose which government runs the country, should be held every five years. The prospect of an election became more and more likely after the European Union had agreed o...

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Fiat Chrysler confirms talks with French auto giant Peugeot

Fiat Chrysler confirms talks with French auto giant Peugeot

Two years after it bought Vauxhall and Opel from General Motors, PSA Group has confirmed it is exploring a merger with Fiat Chrysler Automobiles. Reports indicated that FCA originally rebuf...

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Bank of Canada to make interest rate decision, expected to hold steady

Bank of Canada to make interest rate decision, expected to hold steady

We've also had the Federal elections, which saw Canada's Prime Minister Justin Trudeau's Liberal Party lose 20 seats, which left them 13 seats short of a majority. The Bank of Canada is shown in Ott...

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Ford announces it will cut 450 jobs in Canada

Ford announces it will cut 450 jobs in Canada

But the decision to no longer make it is part of a "plan to strengthen its focus on products in the heart of the fastest-growing segments", the company added. The models built at the Oakville plant ha...

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Molson Coors to cut jobs, invest beyond beers in restructuring plan

Molson Coors to cut jobs, invest beyond beers in restructuring plan

The parent company will be changing its name to Molson Coors Beverage Co. starting in January. After launching two portfolio firsts in 2019, a canned wine and a hard coffee, the company will continu...

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The Fed Announces Third Rate Cut This Year

The Fed Announces Third Rate Cut This Year

Hours before Fed officials announced the quarter-point rate cut, the Commerce Department reported that the US economy expanded in the third quarter at an annual rate of 1.9%. The governors are nomin...

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Smash sandwiches boost Restaurant Brands sales in US

Smash sandwiches boost Restaurant Brands sales in US

Facing fallout from negative media coverage generated by a group of dissident franchise owners, and calls from some quarters for more innovative product offerings, Tim Hortons in April 2018 launched i...

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American Airlines announces new routes to Auckland and Christchurch

American Airlines announces new routes to Auckland and Christchurch

Air New Zealand recently announced it would axe its long-standing Los Angeles-London service and start non-stop flights between Auckland and NY 's Newark Liberty International Airport from October 29,...

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Asian stocks mixed after big gains on Wall Street

Asian stocks mixed after big gains on Wall Street

In the statement from China, the two sides reached an agreement for the U.S.to import cooked poultry products from China, as well as to regard its catfish product regulation system as equivalent to th...

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Some Automakers Back Trump on Calif. Emission Standards

Some Automakers Back Trump on Calif. Emission Standards

According to a Reuters report Monday, General Motors , Fiat Chrysler and Toyota have agreed to intervene on behalf of the current presidential administration. Those states, including New York, Ne...

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